Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
On October 18, 2012, Newcrest Mining Limited issued its quarterly report for the three months ending September 30, 2012.
Gold Production: 460,425 ounces, down 21.6% QoQ and YoY
Copper Production: 18,598 metric tons, down 9.47% QoQ and 3.28% YoY
Silver Production: 454,083 ounces, down 14.72% QoQ and 15.3% YoY
Cash Costs: AUD 703 (USD 728.92) per ounce, up 16.39% QoQ and 18.35% YoY
Cash Margins: AUD 880 (USD 912.44) per ounce.
Guidance ranges of production, costs and capital expenditure for the financial year 2012/2013 remain unchanged.
Source (English): Newcrest
